Page 23 - Anthem House Academic Year 2021-22 Quarter 2

Gainesville Properties III, LLC
Anthem House
Budget Comparison Report
Managed by RISE Residential
As of January 31, 2022

Prior MTD Prior YTD Current
Month to Date 01/31/2022 01/31/2021 Year to Date 01/31/2022 01/31/2021 Fiscal Year
Actual Budget Variance Actual Variance Actual Budget Variance Actual Variance Budget

119,343 117,719 1,624 0 119,343 CASH FLOW BEFORE DEBT SER- 747,941 700,976 46,965 0 747,941 1,437,407
VICE

DEBT SERVICE
98,508 31,419 (67,089) 0 (98,508) 6820 - Interest Expense 98,508 94,257 (4,251) 0 (98,508) 282,771
98,508 31,419 (67,089) 0 (98,508) TOTAL DEBT SERVICE 98,508 94,257 (4,251) 0 (98,508) 282,771

20,835 86,300 (65,465) 0 20,835 CASH FLOW AFTER DEBT SER- 649,433 606,719 42,714 0 649,433 1,154,636
VICE
CAPITAL EXPENDITURES
0 0 0 0 0 1504 - Furniture-Units (3,137) 0 3,137 0 3,137 0
0 0 0 0 0 1525 - Asphalt & Concrete (4,620) 0 4,620 0 4,620 0
0 0 0 0 0 TOTAL CAPITAL EXPENDITURES (7,757) 0 7,757 0 7,757 0

20,835 86,300 (65,465) 0 20,835 CASH FLOW BEFORE DEPREC/ 657,190 606,719 50,471 0 657,190 1,154,636
AMORT

DEPRECIATION/AMORTIZATION
9,222 9,221 0 0 (9,221) 8000 - Depreciation - FF&E 44,416 44,414 (1) 0 (44,416) 99,741
5,968 5,968 0 0 (5,968) 8003 - Amortization - Loan Fees/ 29,839 29,840 0 0 (29,840) 65,648
Transaction Cost
51,413 51,413 (1) 0 (51,413) 8005 - Deprec Expense-Building 256,859 256,858 0 0 (256,858) 565,336
66,603 66,602 (1) 0 (66,603) TOTAL DEPREC/AMORT 331,114 331,112 (1) 0 (331,114) 730,725
(45,768) 19,698 (65,466) 0 (45,768) CASH FLOW AFTER DEPREC/ 326,076 275,607 50,470 0 326,076 423,911
AMORT AND OTHER EXP.

RECONCILIATION TO GAAP NET
INCOME (LOSS)
CAPITAL EXPENDITURES
0 0 0 0 0 1525 - Asphalt & Concrete 4,620 0 4,620 0 4,620 0
0 0 0 0 0 1504 - Furniture-Units 3,137 0 3,137 0 3,137 0

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